2) Jake opened a savings account that earns 2.5% interest. Jake estimates that, assuming he neither adds to nor withdraws from
his account, he will earn $240 in interest after 10 years. How
much did Jake deposit when he opened the account?

Number of children=57

Number of adults=54

Step-by-step explanation:

We can start by forming simultaneous equations from the information provided.

Let the number of children be x and adults be y, then the the sum of the amount collected from both children and adults=3.25x+4y=401.25

The total number of people in attendance x+y=111

Let us solve these equations simultaneously.

3.25x+4y=401.25

x+y=111

Using substitution method.

y=111-x

3.25x+4(111-x)=401.25

3.25x+444-4x=401.25

-0.75cx=-42.75

x=57

Number of children=57

Adults=111-57

=54